The strongest semiconductor demand growth in 2011 will be driven by the wireless and mobile segments, buoyed by demand for smartphones, tablets and e-readers, resulting in 17.6 percent increase in related chip revenues. The IHS data processing category, driven by mobile computers will be the third-fastest growing semiconductor application market in 2011, with growth of 6.2 percent.
The much smaller industrial electronics segment will be the second-fastest growing semiconductor application market, with revenue rising by 7.3 percent. Sectors achieving slower expansion this year will include consumer electronics at 3.1 percent and automotive electronics at 3.0 percent.
In contrast, semiconductor revenue this year for wired communications is anticipated to contract by 1.7 percent, the only sector to suffer negative growth, according to IHS.
The fastest-growing semiconductor product segments in 2011 will be image sensors, NAND flash memory, light-emitting diodes, microprocessors, discrete components, sensors and general-purpose analog integrated circuits. Collective revenue from these products is projected to rise by more than 12 percent in 2011, with CMOS image sensors leading all products with 36 percent growth.
Hi Peter - minor corrected needed in your second sentence as highlighted below:
"This is down (should be UP)from the previous IHS iSuppli outlook issued in April, which predicted revenue would rise by 7 percent for the year."